https://padlet.com/singhmanreet009/ndfjov0fx06x Made by Akash Aswani, Manreet Singh, Sachin Kocher en-us 2019-11-25 18:08:20 UTC 2025-03-17 00:38:03 UTC hello@padlet.com singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416311311 Welcome to our padlet. In this padlet we will be looking at how Canadian currency is different from other countries' currency by making comparison. Secondly, we will see how to manage currency while you are travelling to different countries. Furthermore, which are the necessary components when you are travelling abroad and what are the factors affecting the change in currency rate.]]> 2019-11-25 18:21:57 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416311311 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416317999 This website provides the exchange rate for different currencies in Canadian Dollar. The rates are for current date and subjected to change on daily basis. It is interesting to see the rates of currencies varies from country to country. Some countries rate is high and some is low.
For example, the current rate for 1 CAD to Indian Rupee is 53.84 as per now. The highest exchange rate of 1 CAD is in Iranian Rial which is 31423.17, Whereas if you want to convert 1 CAD into British Pound then we are only getting 0.58 pound.  ]]> 2019-11-25 18:32:04 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416317999 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416337993 This website provides us with the information of how to handle the currency with different methods while travelling. There are several means of carrying money while travelling or going on vacations such as credit card, Pre-paid card, travellers' cheques and cash. Before travelling, it is always better to consult with our financial institutions like bank. 
It is always important to carry a backup of funds while travelling internationally in case of any emergency or need. Taking a travelling insurance is also a smart way to protect your self from any risk.]]> 2019-11-25 19:05:40 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416337993 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416352512 This website provides the sources from where you can exchange your currency into CAD or CAD to other currency. If you are visiting Canada for travelling or exploring new places, you need to exchange your currency into CAD. If you are travelling to India, then you need to convert currency into INR.
The sources from where you are getting your money exchange are Border Crossings, Banks, Shopping malls, post office, Airport, Train Stations and many more. The best rate you can get is from Banks and Post offices, whereas the worst rate will be provided at Airports and Railway stations.]]> 2019-11-25 19:30:52 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416352512 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416364962 This website is very useful and creation of new technology. There are number of physical sources where you can get the currency exchanged. But it takes more time to exchange funds.
If you want to exchange the currency by sitting at home, this website is the platform where you can do that. It provides convenience to customers and saves time. It also provides competitive rates as compared to market price. You can have a eye on the exchange rates 24*7 and you can exchange when the best rate fits your requirements. ]]> 2019-11-25 19:55:13 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416364962 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416369715 This video provides us with the several factors which influence exchanging rates. One of the main factor is inflation rate and interest rate, if both of the rates are high then the currency value is low for a country and the value is high if inflation rate is low. Secondly, public debt it means if any country have deficit to pay for government debt and policies then it affects the inflation rate that directly affects the exchange rates.
Strong economic performance also  considered an important factor which influence the exchange rate because the country will be economically stable and has less risk.]]> 2019-11-25 20:05:16 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416369715 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416379651 This video provides the evidence that how exchange rates work. Before there use to be a gold standard system in which real amount of gold as represented in terms of currency. But now, there are three types of systems for exchanging the currency. These are fixed, floating and managed exchange system. The demand and supply has a major influence on currency exchange rate. The more is the supply of currency the lesser is the exchange rate for a particular currency.

]]> 2019-11-25 20:28:14 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416379651 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416381005 This video provide the sources of exchanging money. There are several way and places of exchange money such as exchanging currency at airport, financial instutions, money exchanger overseas and online. 
Usually people choose banks and other financial places to exchange their currency because these provide best exchange rate. The worst places to exchange currency are airport and railway stations. The most convinient and safer way is to exchange online.]]> 2019-11-25 20:31:49 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416381005 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416388408 This video reflects the several ways of carrying currency while travelling abroad for vacations or studying. 
Mostly, people carry the credit cards, Pre-paid cards, coins, bank notes for paying smaller amounts and bills at airport taxi and some intial payment on phone calls and other bills. 
Electronic transfer of more than $10000 are reported by your financial institution to the government of canada. There are different policies and rules for carrying currency in different countries for the travellers.]]> 2019-11-25 20:50:44 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416388408 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416396302 we doing in group of 3 people 
Akash aswani
Manreet singh
Sachin]]> 2019-11-25 21:15:02 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416396302 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416419667 This picture reflects the fluctuating exchange rates of the currencies around the world. The value of 1 CAD dollar vary according to different currencies in the worls and is changing several times in a day.]]> 2019-11-25 22:35:33 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416419667 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416419737 We chose this picture to show one of the way to exchange the currency while travelling. This is a picture of the currency exchanging institution which is nowadays in every country.

]]> 2019-11-25 22:35:47 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416419737 singhmanreet009 https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416428948 1. What did you learn about your topic that surprised you the most?
There are several things that were new to us and surprised the most such as the currency rates of several countries in terms of CAD and how the exchange rate works. The things we were surprised about that the Iranian currency is about 31,423 rials in terms of 1 CAD dollars.

2. Provide a real-life example of how this topic is relevant or interesting for you.
When we came to Canada first time, we transfer our money by using Electronic transfer becuase the amount was more than $10000 and we use forex card to transfer the money at that time we came to know how the exchange rate works and how much is the diference in Canadian and Indian currency.

3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
We would like to share some important things with our family members like at the time of travelling internationally, there are several places from where currency can be exchanged in a good rate such as bank, some financial institution and online which is more convenient and safer. We will also inform them about the travelling insurance and handling currency in several ways that are one of the important things for a person travelling abroad.]]> 2019-11-25 23:12:58 UTC https://padlet.com/singhmanreet009/ndfjov0fx06x/wish/416428948